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IIPFEB 13, 2023

Industrial Production Growth at 5.20%

IIP for Dec 2022

0.5σ
NIFTY 50+0.41%vs T-60 baseline
USD / INR+0.08%vs T-60 baseline
INDIA VIX+5.49%vs T-60 baseline
Gilt Fund (10Y proxy)+0.54%vs T-60 baseline
Cross-Asset Reaction Window

The 10-year sovereign is shown as a gilt-fund proxy, whose value moves inversely to yields. Older events use daily closes, so the intraday windows then coincide with the daily close.

Surprise Analysis
Surprise Deviationvs consensus, σ-scaled
0.0σ

Actual Print5.20%
Consensus2.02%

Macroeconomic Assessment

IIP grew faster than expected (0.5σ).

Source: MOSPI — IIP
Cross-Asset Reaction MatrixExport CSV
Asset ClassT−60T+30T+2HT+1D
Nifty 50NIFTY · 1d--0.48%-0.48%+0.41%
USD / INRUSDINR · 1d--0.02%-0.02%+0.08%
India VIXVIX · 1d-+7.29%+7.29%+5.49%
Gilt Fund (10Y proxy)GSEC · 1d-+0.22%+0.22%+0.54%